Attack of the Loan Sharks, Texas Lege Edition

The Texas Legislature is currently considering a bill that would deregulate short-term loans, commonly known as payday loans. If passed, this legislation would give loan sharks free rein to prey on vulnerable Texans, trapping them in a cycle of debt and financial ruin. Payday loans are small-dollar, high-interest loans typically due on the borrower’s next …

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Why the Government’s Review of State-owned Banks Makes Sense

State-owned banks play a crucial role in the economy of a country, especially in developing economies where access to credit is limited. However, these banks often face challenges such as inefficiency, corruption, and political interference. In recent times, several governments have initiated reviews of their state-owned banks, with the aim of improving their performance and …

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The Headless Statue of a ‘Roman Emperor’ Is Seized from the Met

On March 31st, 2023, news broke that the Metropolitan Museum of Art in New York City had been forced to relinquish a prized artifact from its collection, the headless statue of a “Roman Emperor.” The statue, which had been on display at the museum for decades, was seized by federal agents on the grounds that …

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Air India Reportedly Secures $1.7 Billion Loan From Two Indian Banks

In recent news, Air India, the flag carrier airline of India, has reportedly secured a $1.7 billion loan from two Indian banks. This news comes at a time when the aviation industry is struggling to stay afloat due to the COVID-19 pandemic. Let’s take a closer look at what this means for Air India and …

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How Ivy League Education Is Burning a Hole in People’s Pockets

Higher education has always been viewed as a key to unlocking one’s potential and achieving success in life. However, with the cost of tuition and fees skyrocketing in recent years, a college degree has become increasingly unaffordable for many. This is particularly true for those attending Ivy League universities, where the cost of education can …

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Flywheel Advanced Technology : CONSOLIDATED FINANCIAL STATEMENTS – Form 8-K

Flywheel Advanced Technology (FAT) is a technology company that specializes in the development of innovative energy storage solutions for a wide range of industries. Recently, the company filed a Form 8-K with the US Securities and Exchange Commission (SEC) in which it disclosed its consolidated financial statements for the period ended December 31, 2022. The …

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Is ‘Wokeism’ to Blame for Silicon Valley Bank’s Demise? No and Yes

The recent news of Silicon Valley Bank’s (SVB) demise has raised questions about the role of “wokeism” in the decline of the once-prominent financial institution. Some critics blame the bank’s commitment to diversity and inclusion for its downfall, while others point to a lack of leadership and strategic missteps. The truth, however, lies somewhere in …

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